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Nvidia says Groq racks will be online this year following $20 billion purchase

Monday, August 24, 2026


Nvidia purchased Groq for $20 billion and stated that Groq server racks will be operational in 2026. The acquisition emphasizes Nvidia's focus on low-latency inference capabilities for AI applications. Groq specializes in processors designed to reduce latency in AI model inference tasks.

Original reporting: https://www.cnbc.com/2026/08/24/nvidia-says-groq-racks-will-be-online-this-year-after-20-billion-deal.html

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